Professional Bookkeeping and Accounting 3 - Double Entry Accounting
A comprehensive free online course for those that want to learn about Double Entry Bookkeeping and Accounting skills
Take this certificate on your own.
Start now and learn at your own pace.
CertificationView course modules
You will learn about the accounting equation and double entry and the prepare for T-accounts. From the activities, you will get the opportunity to a) Prepare double-entry transactions and b) Prepare and record transactions in T-accounts. After this, we will then move on to recording transactions from the sales day book and the sales returns day book to the Receivables control account, the general ledger, and the memorandum ledgers. From the activities, you can practice c)Transfer sales and sales return transactions from the daybooks to the general ledger, memorandum accounts, and receivables control account.
Next we will look at record transactions from the purchase and purchase returns prime books to the Payable's control accounts, as well as the the general ledger and the memorandum accounts. Then you can practice the following, d)Transfer purchase and purchase returns transactions from the daybooks to the general ledger, memorandum accounts and payable's control account.
Finally, we will record transactions from the bank and cash. This will complete the receivables and payable's control account. After this we will look at e) closing the control accounts and transfer the left and the right side of the cash books to the general ledgers. Get started with the downloadable Workbook containing the activities are used throughout this course and the answer from one activity leads into a later activity.Start Course Now
Introduction - Double Entry Accounting
Double Entry Accounting
The Receivables Ledger
The Payables Ledger
Bank and cash transactions
Having completed this course, you will be able to:
- Explain how double-entry transactions work
- Describe the process for preparing and recording transactions in T-accounts
- Identify the steps involved in transferring sales and sales return transactions from the daybooks to the general ledger, memorandum accounts, and receivables control account
- List the steps used to transfer purchase and purchase returns transactions from the daybooks to the general ledger, memorandum accounts, and payable's control account
- Discuss the reason for transferring the left and the right side of the cash books to the general ledgers
- Explain what happened when you close the control accounts
All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate is:
Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning
Alison offers 3 types of Certificates for completed Certificate courses:
Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping
All Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certificate pricing, please visit our Pricing Page.